Oil Prices Hit Reverse as Wall Street Slips

Oil prices fell Friday, mirroring losses on Wall Street, as traders took profits after earlier jumping above 71 dollars per barrel on news of fresh unrest in key crude producer Nigeria. New York's main futures contract, light sweet crude for delivery in August, shed 94 cents to 69.29 dollars a barrel. In London, Brent North Sea crude for August dipped 86 cents to 68.92 dollars. Wall Street shares sank at the open on Friday, one day after a rally, as investors locked in profits and turned cautious ahead of the weekend.....Complete Story